For many years, my family was covered by a low-deductible health insurance plan. In fact, we were pretty spoiled because our insurance plan didn't even require us to pay a deductible for in-network services.

Last year, however, we had to switch plans and wound up on a high-deductible insurance plan for the first time ever. While that's been a bit of an adjustment, one neat perk to come out of it has been getting access to a health savings account, or HSA.

The great thing about HSAs is that they're extremely flexible -- far more flexible than actual flexible spending accounts (FSAs). That's because HSAs let you carry your money forward indefinitely, whereas FSAs generally require you to spend down your plan balance within a year or risk forfeiting untapped funds.

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Source Fool.com